Global Concentrated Solar Power Markets and Strategies, 2009-2020

Table of Contents

I. EXECUTIVE SUMMARY

II. GLOBAL RESOURCE AND MARKET DRIVERS OVERVIEW

• 1. Global Solar CSP Market Environment
  • Global Economic Meltdown Pressures CSP Development
  • Commodity Prices Facilitate CSP Activity
• 2. Overview of Global Solar Resources
  • Europe
  • United States
  • Rest of World
• 3. Europe Renewable Policy Trends
  • 2020 Renewable Energy Targets Underpin EU Development
  • Spanish FIT Pushes Solar CSP Market Forward
  • Italy Sparks Development with New CSP Tariff
  • Secondary Market Solar CSP Incentives
• 4. US Renewable Policy Environment
  • US Federal Investment Tax Credit (ITC)
  • Solar Stimulus Supports Near - Term Development
  • US State Fuel Mix, Electricity Prices, and Solar Resources
  • States Increasing RPS Goals
  • US State and Regional Activity to Address Climate Change
• 5. Market Environment in Rest of the World
  • Middle East/Africa
  • Asia Pacific
  • Latin America

III. GLOBAL SOLAR CSP TECHNOLOGY AND COST TRENDS

• 1. CSP Product Technology and
• Competitiveness
  • Key Design Shifts: Traditional CSP Trough Technologies
    • Mirror Manufacturers Reshape Original Design
    • Parabolic Trough Collector Engineers Seek Alternatives
  • Design Imperatives for New CSP Technologies
    • Central Receiver Systems Take on Different Shapes
    • Dish Engine Seeks High Efficiency and Modularity
    • Linear Fresnel Seeks to Leverages Simplicity
  • Heat Transfer Fluids
    • Heat Transfer Fluids Separate Technology Applications
    • Water Usage Spikes Interest in Dry Cooling
  • Emerging Storage and Solar Backup Solutions
    • ISCC Leveraging Existing Infrastructure
    • Thermal Salts Technology Finds Data Point in Trough Plants
• 2. Strategies to Drive Costs Downward
  • Manufacturing and Scale Economies
    • Material Usage in Engineered Designs
    • Receiver Tube Improvements
    • Supply Chain Economies of Scale
  • Project and Operating Economies
    • Project Economies of Scale
    • Land Use per Megawatt
    • Storage to Cover Greater Load
    • Plant Financing and Cost

IV. GLOBAL CSP MARKET ANALYSIS

• 1. CSP Project Review by Technology
  • Proven Trough Technology Maintains Edge in Financial Crisis
  • Central Receiver Announcements Overshadow other Emerging Technologies
  • Beyond Europe, ISCC Prevails
  • Project Size and Quantity Mixed by Region
• 2. Project Review by Region
  • US Project Review 2009 - 2014
    • Outstanding PPAs Open Door to Unspoken Players
    • BLM Tries to Catch Up
    • Transmission Projects Slated to Unlock CSP Potential
    • US Utility Procurement Strategies Emerge
  • Spain Project Review, 2009 - 2014
    • FIT Deadline Under Review
    • Storage Applications Ease onto the
    • Adoption Curve in Spain
  • Southern Europe CSP Projects
    • Italy to Scale with Revised Tariff
    • Greece, Portugal, France, and Turkey
    • Stand by
  • Asia Pacific CSP Activity
    • Australia Builds Potential for CSP
    • Development
    • China, India Present Long - Term
    • Opportunity
  • Middle East/Africa CSP Activity
    • Israel, UAE RFPs Draw One - off Attention
    • North Africa' s One - Off Opportunities
  • Latin America CSP Activity
• 3. Global CSP Market Forecast, 2009 - 2020
  • Global CSP Forecast Methodology
  • CSP Market Forecast Scenarios
  • Regional CSP Market Forecast, 2009 - 2020
    • Spain Carries Industry to Next Level
    • US Market Represents Longer - Term Proposition
    • New Opportunities Emerge in Untapped Regions
• 4. Global CSP Technology Forecast, 2008 - 2015
• 5. Primary Component Forecast, 2009 - 2015

V. COMPETITIVE ANALYSIS: CSP DEVELOPMENT STRATEGIES

• 1. Global Value Chain Activity
  • Large Utilities and IPPs Leverage Internal Resources
  • Technology Start - ups Shifting Strategies
  • Traditional Power Utilities Scaling in CSP Landscape
• 2. Competitive Positioning of CSP Developers
  • Solar CSP Plant Ownership Rankings, 2009 - 2010
  • Technology Underlies Positioning
    • CSP Segments Break Out
    • Parabolic Trough Technology Extends
    • Lead Over Start - ups
    • Technology Promoters Look to Bridge the Valley of Death
    • At - Risk PPAs Spark Opportunity for Established Technologies
  • CSP Developers Compete to Build Project Pipelines
    • Competitive Activity Peaking in Spain
    • BLM Central to Long - Term US Build - Out Global Expansion Picks Up
• 3. Competitive Analysis
  • Technology Promoters
    • Solar Millennium - Flagsol Expand Presence
    • Storage Experience Key to Long - Term Competitive Positioning
    • Investors Kick - Start Emerging Technology Promoters
    • NTR Breaths Life into Stirling Engine Systems
    • Solel Dials Back Development Strategy
    • Project Developers Look Down Under
  • Utility and IPP Owners
    • Acciona' s Next Stop: Spain
    • Iberdrola and NextEra Cross Paths Over the Atlantic
    • FPL Group Looks Beyond the Horizon
    • ISCC Offers Utilities and IPPs an Option
    • Southeast Utilities Tap ISCC to Integrate
    • Solar Into Generation Portfolios
    • EDP Eases Back from CSP; Leading
    • Renewable Players Expand
    • ACS Cobra, King of the Hill
    • Benefits of In - House EPC
  • Pure Play Project Developers
    • Spanish Renewable Developers Stirring
    • Pure - Play US Development at Risk
• 4. Utility and Large IPP Strategy Profiles
  • Acciona Energia (Acciona Solar Power)
  • ACS Actividades de Construccion y Servicios S.A. (Grupo Cobra)
  • Cogentrix Energy, LLC
  • Dynegy, Inc.
  • Energias de Portugal
  • Endesa S.A.
  • Enel SpA (Enel Union Fenosa)
  • Florida Power and Light Company (FP&L)
  • Iberdrola
  • Italgest Energia SpA
  • NextEra Energy Resources (formerly FPL Energy)
  • NV Energy
  • Pacific Gas & Electric (PG&E)
• 5. Technology Promoter Strategy Profiles
  • Abengoa Solar
  • Agni, Inc. (Agni Iberpower)
  • Ausra, Inc.
  • BrightSource Energy, Inc.
  • Ener - T Global eSolar, Inc.
  • Lloyd Energy Storage Ltd
  • Novatec Biosol
  • Sener S.A. (Torresol Energy Investments, S.A.)
  • Skyfuel, Inc.
  • Solar Millennium
  • Solar Power Group (SPG)
  • Stirling Energy Systems (SES)
  • SolarReserve, Inc.
  • Wizard Power CSP Development Strategy
  • Xeliox srl. (Donati Group SpA / Tolo Energia srl)
• 6. CSP Developer Strategy Profiles
  • Aries Solar Termoelectrica, S.L
  • Bethel Energy, LLC
  • Conergy AG (Epuron GmbH)
  • MMR Power Solutions, Inc.
  • SAMCA
  • Albiasa Solar
  • Leighton Contractors Limited
  • Martifer SGPS
  • Grupo Ibereolica
  • Inland Energy, Inc.
  • Solar Euromed SAS
  • Sorgenia Solar srl

VI. COMPETITIVE ANALYSIS: CSP POWER PLANT SUPPLY

• 1. CSP Technology Competitive Landscape
  • Market Entrants Fill Out CSP Supply Chain
  • Emerging Technology Promoters Vie for Attention
  • EPC Players Central to Build - Out
• 2. CSP Technology Strategies
  • Parabolic Trough Suppliers Seek to Leverage Experience Curve
    • Strategies Diverge Among Established Parabolic System Providers
    • New Parabolic Collector Suppliers Emerge
  • Emerging CSP Technologies Seek to Change Game
    • Technology Promoters Demonstrate New Solutions in Tough Market
    • Solar One, Solar Two Spawn Tower Experience
  • Storage Technology Development
    • Solar Millennium and Sener Move Forward
    • Emerging Storage Solutions Under Development
    • Biomass Backing Up CSP
• 3. CSP Supply Chain Evolution
  • Supply Chain Scales
    • Glass Suppliers Underpin Industry Growth
    • Flabeg Outflanks Scaling Competition with US Strategy
    • Schott Pressures Solel for Long - Term Leadership
    • Auto Industry, Material Suppliers Spark CSP Build
    • ENEA Engenders Italy Supply Chain
  • Power Block and Balance of Plant
    • Siemens Power Gets Ahead of the Pack
    • Traditional Power Plant Suppliers Find CSP Niche
    • CSP Industry Attracts Cooling System Stalwarts
    • Dow, Solutia, Radco Filling the Pipeline
    • Haifa, SQM Tap into CSP Storage Chemicals
• 4. EPC Critical to Industry
  • European EPC Providers Shake Out
  • WorleyParsons Offers New Option
  • Consultants Take Advantage of CSP Growth
  • Lauren Engineering Leads US Market to
    • Date
• 5. Strategy Profiles:
  • Multi - Technology Players
    • Abengoa Solar
    • Grupo Sener
  • Parabolic Trough System and Component Manufacturers
  • Acciona Solar Power
  • Alcoa, Inc.
  • Angelantoni Industrie SpA
  • Enertol - Santana
  • Flabeg Holding GmbH & Co.
  • Flagsol GmbH (Solar Millennium AG)
  • Glaston Corporation (Kyro Oyj Abp.)
  • Gossamer Space Frames
  • Hydro Aluminum, Extrusion Americas (Norsk Hydro ASA)
  • Ronda Reflex srl
  • Saint - Gobain
  • Schott AG (Schott Solar)
  • Solel Solar Systems Ltd.
  • Sopogy
  • Central Receiver System and Component Suppliers
    • BrightSource Industries Israel (BrightSource Energy)
    • Lockheed Martin Corporation
    • SolarReserve (United Technologies Corporation)
  • Dish Engine Component Suppliers
    • Infinia Corporation
    • Stirling Energy Systems
  • Power Block and BOP Suppliers
    • 3M
    • Aalborg Industries Group A/S
    • ABB Ltd
    • Alfa Laval
    • Alstom SA
    • Bertrams Heatec AG
    • Dow Chemical Company
    • Emerson Electric Co. (Emerson Process Management)
    • Flowserve Corporation
    • Friatec, N.A.
    • General Electric Company (GE)
    • GEA Group AG
    • HAIFA Chemicals Ltd. (Ferquisa S.A.)
    • Holtec International
    • MAN Turbo AG
    • Ormat Technologies
    • Parker - Hannifin Corporation
    • Siemens Power Generation
    • SPX Cooling Technologies
    • Radco Industries
    • Solutia, Inc.
  • EPC Providers and Consultants
    • ACS Actividades de Construccion y
    • Servicios S.A. (Grupo Cobra)
    • Fichtner AG
    • Lauren Engineering & Constructors
    • Lahmeyer AG
    • MAN Ferrostaal AG
    • Sacyr Vallehermoso S.A.
    • Techint Group
    • URS Corporation (United Research Services)
    • WorleyParsons Ltd

LIST OF EXHIBITS

I. EXECUTIVE SUMMARY

II. GLOBAL RESOURCE AND MARKET DRIVERS OVERVIEW

• 1. Renewable Power Market Evaluation Components
• 2. Financial Market Meltdown
• 3. Fossil Fuel Prices, 2003 - 2008 (US$)
• 4. Raw Material Costs (US$)
• 5. Global Solar Resources for CSP
• 6. Europe Solar Resources for CSP (kWh/m2/year)
• 7. US Solar Resources for CSP (kWh/m2/year)
• 8. Rest of World Solar Resources for CSP (kWh/m2/year)
• 9. Market Comparison: Current vs. Proposed Renewables Obligations
• 10. Spain Solar CSP Program Summary Details
• 11. Italian and Spanish FIT Comparison
• 12. Secondary Mediterranean CSP Markets
• 13. Federal ITC Program Details
• 14. US ARRA Stimulus Package Details
• 15. State Exposure to Fuel Sources (MW Capacity), 2007
• 16. US State Electricity Prices vs. Solar Resources
• 17. Overview of Select State RPSs
• 18. Summary of US State and Regional GHG Abatement Targets

III. GLOBAL SOLAR CSP TECHNOLOGY AND COST TRENDS

• 1. CSP Technology Curve and Evolutionary Changes
• 2. Mirror Technology Evolution
• 3. Solar Collector Design
• 4. Emerging Technology Landscape
• 5. Central Receiver Design Comparison
• 6. Heat Transfer Fluid Details
• 7. Cooling Technology Estimates for a 250 MW Plant
• 8. Current ISCC Activity
• 9. Solar CSP Storage Applications
• 10. Electricity Generation Cost Comparison
• 11. Capital Cost Breakdown
• 12. Scaling Supply Chain
• 13. Economies of Scale Cost Shift
• 14. Land Use per Megawatt
• 15. California Utility Peak Hours
• 16. Solar CSP Announced Project Costs

IV. GLOBAL CSP MARKET ANALYSIS

• 1. Global CSP Project Pipeline by Country, 2009 - 2014